"Flexible working environments" in the Asia-Pacific will expand at an average rate of 10 to 15 per cent annually, according to an April coworking report by Cushman & Wakefield and CoreNet Global.
SMEs, which make up 96% of companies in SEA, look for workspaces that offer speed and flexibility to allow growth or downsizing as needed without being locked down by long-term rent. Combining with the remarkable size and growth of the ASEAN economy, the environment is ripe for flexible options to service these fast growing SMEs.
Vendors such as FlySpaces act as a growth engine for SMEs.
William Tan, CEO of ForexStrategiesWork.com, a company which provides training in Forex, notes that owning a space on his own would be a waste of resources and the service provided by FlySpaces made growing his business much simpler.
“I can just get in touch with someone who will do the coordination as well as provide the availability and confirmation from the space owner and that helps me a lot because I don’t have to go hunting around for space,” said Tan
Enxin Wong, manager of That Marketing Guy, agrees. While expanding his company from Singapore to Kuala Lumpur, Mr Wong turned to FlySpaces. “Being in unfamiliar territory, we didn’t know where or how to start, or what would be right for us,” he says.
By outsourcing the acquisition of office space to professionals with knowledge of the region, That Marketing Guy was able to “make a strategic choice for our venture” and become a serious contender in the Kuala Lumpur marketing and advertising landscape.
Outsourcing office-space acquisition allows owners to focus on the business itself
ZipMatch, a digital real estate marketplace based in the Philippines, scaled up operations after transitioning from traditional office space and opting for a more flexible option.
To maintain their competitive advantage, ZipMatch used FlySpaces to find a space more conducive to growth. Taking advantage of the flexibility this offered, ZipMatch was able to focus on expanding its business across the Philippines
The services provided by FlySpaces has also enabled startups such as First Circle to achieve a level of financial security and stability that enabled it to now have its own space. A firm dedicated to helping SMEs grow by streamlining their finance acquisition,First Circle as a finance company needs to be as agile and flexible as possible.
“Additional financing is a business multiplier, something that we provide to our clients on a daily basis. FlySpaces enabled us to remain agile with flexible leasing allowing us to focus on clients and grow at a faster rate than if we had leased our own place." said its spokesman. As First Circle’s growth continued, FlySpaces provided new options until the company was able to secure an office of its own.
The coworking industry is projected to grow rapidly, and strategic partnerships are already being formed
The Association of Southeast Asian Nations (ASEAN) has predicted that by 2030, 30% of real estate portfolios will be made up of flexible workspaces.
Companies such as Regus and WeWork have dominated the arena as providers of such spaces. These operators have found that partnering with platforms such as FlySpaces has been integral to their own growth.
The growth is in line with the ASEAN member states becoming major drivers of economic growth in the region, acting as a launchpad for new businesses and fuelling demand for office and retail spaces.
Vendors such as FlySpaces helps companies to rent a cubicle, an office, coworking space, or meeting/training room for a day or year, and get access to office resources in a shared environment, often including shared events.
Phoebe Bernardo, the Regional Marketing Manager at Regus, says FlySpaces “has been very supportive and helpful in reaching out to the right market” providing fast and easy solutions to its clients.”
Our 2024 Coverage Needs You
It's Another Trump-Biden Showdown — And We Need Your Help
The Future Of Democracy Is At Stake
Our 2024 Coverage Needs You
Your Loyalty Means The World To Us
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
Contribute as little as $2 to keep our news free for all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
The 2024 election is heating up, and women's rights, health care, voting rights, and the very future of democracy are all at stake. Donald Trump will face Joe Biden in the most consequential vote of our time. And HuffPost will be there, covering every twist and turn. America's future hangs in the balance. Would you consider contributing to support our journalism and keep it free for all during this critical season?
HuffPost believes news should be accessible to everyone, regardless of their ability to pay for it. We rely on readers like you to help fund our work. Any contribution you can make — even as little as $2 — goes directly toward supporting the impactful journalism that we will continue to produce this year. Thank you for being part of our story.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
It's official: Donald Trump will face Joe Biden this fall in the presidential election. As we face the most consequential presidential election of our time, HuffPost is committed to bringing you up-to-date, accurate news about the 2024 race. While other outlets have retreated behind paywalls, you can trust our news will stay free.
But we can't do it without your help. Reader funding is one of the key ways we support our newsroom. Would you consider making a donation to help fund our news during this critical time? Your contributions are vital to supporting a free press.
Contribute as little as $2 to keep our journalism free and accessible to all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
Contribute as little as $2 to keep our news free for all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since you last contributed, we hope you'll consider contributing to HuffPost once more.
Support HuffPostAlready contributed? Log in to hide these messages.